In the last three years,,2.7 million people out of a population of around 45 million have been negatively listed on Kenya’s Credit Reference Bureaux
Kenya moves to regulate fintech-fuelled lending craze | | | | | | | | | | | Kenya moves to regulate fintech-fuelled lending craze Reuters Kenya built a reputation as a pioneer of financial inclusion through mobile money system that enables people to ... | | | "This week, the finance ministry published a draft bill on financial regulation which covers digital lenders for the first time. A key aim is to ensure that providers treat retail customers fairly, it said. “We have a lot of predatory lending out here, which we want to regulate,” Geoffrey Mwau, director general of budget, fiscal and economic affairs at the treasury, told reporters on Thursday. As it was for mobile cash, Kenya is something of a test case for the new lending platforms. Several of the companies involved, including U.S. fintech startups, have plans to expand in other frontier markets, meaning Kenya’s regulation will be closely watched.... In the last three years, 2.7 million people out of a population of around 45 million have been negatively listed on Kenya’s Credit Reference Bureaux, according to a study by Microsave, a consultancy which advises lenders on sustainable financial services....." Read more at: https://www.standardmedia.co.ke/business/article/2001282008/government-wants... Kenya moves to regulate mobile money fuelled lending craze | | | | | | | | | | | Kenya moves to regulate mobile money fuelled lending craze Key aim is to ensure that providers treat retail customers fairly | | | Be blessed. Regards/Wangari --- Pray God Bless. 2013Wangari circa - "Being of the Light, We are Restored Through Faith in Mind, Body and Spirit; We Manifest The Kingdom of God on Earth".
Well, listig on CRB is unavoidable for such a number of people -- loans financing is tricky affair with our economy and business environment in the last years On Mon, May 28, 2018 at 5:14 PM, WANGARI KABIRU via kictanet < kictanet@lists.kictanet.or.ke> wrote:
Kenya moves to regulate fintech-fuelled lending craze <https://www.standardmedia.co.ke/business/article/2001282008/government-wants-to-regulate-digital-loans>
Kenya moves to regulate fintech-fuelled lending craze
Reuters
Kenya built a reputation as a pioneer of financial inclusion through mobile money system that enables people to ...
"This week, the finance ministry published a draft bill on financial regulation which covers digital lenders for the first time. A key aim is to ensure that providers treat retail customers fairly, it said. “We have a lot of predatory lending out here, which we want to regulate,” Geoffrey Mwau, director general of budget, fiscal and economic affairs at the treasury, told reporters on Thursday. As it was for mobile cash, Kenya is something of a test case for the new lending platforms. Several of the companies involved, including U.S. fintech startups, have plans to expand in other frontier markets, meaning Kenya’s regulation will be closely watched.... In the last three years, 2.7 million people out of a population of around 45 million have been negatively listed on Kenya’s Credit Reference Bureaux, according to a study by Microsave, a consultancy which advises lenders on sustainable financial services....."
Read more at: https://www.standardmedia.co.ke/business/article/ 2001282008/government-wants-to-regulate-digital-loans
Kenya moves to regulate mobile money fuelled lending craze <https://www.businessdailyafrica.com/markets/marketnews/Kenya-moves-to-regulate-fintech-fuelled-lending-craze/3815534-4579730-iebc2sz/index.html>
Kenya moves to regulate mobile money fuelled lending craze
Key aim is to ensure that providers treat retail customers fairly
Be blessed.
Regards/Wangari
--- Pray God Bless. 2013Wangari circa - "Being of the Light, We are Restored Through Faith in Mind, Body and Spirit; We Manifest The Kingdom of God on Earth".
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The Kenya ICT Action Network (KICTANet) is a multi-stakeholder platform for people and institutions interested and involved in ICT policy and regulation. The network aims to act as a catalyst for reform in the ICT sector in support of the national aim of ICT enabled growth and development.
KICTANetiquette : Adhere to the same standards of acceptable behaviors online that you follow in real life: respect people's times and bandwidth, share knowledge, don't flame or abuse or personalize, respect privacy, do not spam, do not market your wares or qualifications.
-- Okoth C. J Team Leader.
Anyone with link of the said draft bill? On Tue, May 29, 2018 at 11:30 AM, Mwanah Cephas Okoth via kictanet < kictanet@lists.kictanet.or.ke> wrote:
Well, listig on CRB is unavoidable for such a number of people -- loans financing is tricky affair with our economy and business environment in the last years
On Mon, May 28, 2018 at 5:14 PM, WANGARI KABIRU via kictanet < kictanet@lists.kictanet.or.ke> wrote:
Kenya moves to regulate fintech-fuelled lending craze <https://www.standardmedia.co.ke/business/article/2001282008/government-wants-to-regulate-digital-loans>
Kenya moves to regulate fintech-fuelled lending craze
Reuters
Kenya built a reputation as a pioneer of financial inclusion through mobile money system that enables people to ...
"This week, the finance ministry published a draft bill on financial regulation which covers digital lenders for the first time. A key aim is to ensure that providers treat retail customers fairly, it said. “We have a lot of predatory lending out here, which we want to regulate,” Geoffrey Mwau, director general of budget, fiscal and economic affairs at the treasury, told reporters on Thursday. As it was for mobile cash, Kenya is something of a test case for the new lending platforms. Several of the companies involved, including U.S. fintech startups, have plans to expand in other frontier markets, meaning Kenya’s regulation will be closely watched.... In the last three years, 2.7 million people out of a population of around 45 million have been negatively listed on Kenya’s Credit Reference Bureaux, according to a study by Microsave, a consultancy which advises lenders on sustainable financial services....."
Read more at: https://www.standardmedia.co.ke/business/article/2001282 008/government-wants-to-regulate-digital-loans
Kenya moves to regulate mobile money fuelled lending craze <https://www.businessdailyafrica.com/markets/marketnews/Kenya-moves-to-regulate-fintech-fuelled-lending-craze/3815534-4579730-iebc2sz/index.html>
Kenya moves to regulate mobile money fuelled lending craze
Key aim is to ensure that providers treat retail customers fairly
Be blessed.
Regards/Wangari
--- Pray God Bless. 2013Wangari circa - "Being of the Light, We are Restored Through Faith in Mind, Body and Spirit; We Manifest The Kingdom of God on Earth".
_______________________________________________ kictanet mailing list kictanet@lists.kictanet.or.ke https://lists.kictanet.or.ke/mailman/listinfo/kictanet Twitter: http://twitter.com/kictanet Facebook: https://www.facebook.com/KICTANet/ Domain Registration sponsored by www.eacdirectory.co.ke
Unsubscribe or change your options at https://lists.kictanet.or.ke/m ailman/options/kictanet/omwanaj%40gmail.com
The Kenya ICT Action Network (KICTANet) is a multi-stakeholder platform for people and institutions interested and involved in ICT policy and regulation. The network aims to act as a catalyst for reform in the ICT sector in support of the national aim of ICT enabled growth and development.
KICTANetiquette : Adhere to the same standards of acceptable behaviors online that you follow in real life: respect people's times and bandwidth, share knowledge, don't flame or abuse or personalize, respect privacy, do not spam, do not market your wares or qualifications.
--
Okoth C. J Team Leader.
_______________________________________________ kictanet mailing list kictanet@lists.kictanet.or.ke https://lists.kictanet.or.ke/mailman/listinfo/kictanet Twitter: http://twitter.com/kictanet Facebook: https://www.facebook.com/KICTANet/ Domain Registration sponsored by www.eacdirectory.co.ke
Unsubscribe or change your options at https://lists.kictanet.or.ke/ mailman/options/kictanet/jkikuyu%40gmail.com
The Kenya ICT Action Network (KICTANet) is a multi-stakeholder platform for people and institutions interested and involved in ICT policy and regulation. The network aims to act as a catalyst for reform in the ICT sector in support of the national aim of ICT enabled growth and development.
KICTANetiquette : Adhere to the same standards of acceptable behaviors online that you follow in real life: respect people's times and bandwidth, share knowledge, don't flame or abuse or personalize, respect privacy, do not spam, do not market your wares or qualifications.
participants (3)
-
Jude Kikuyu -
Mwanah Cephas Okoth -
WANGARI KABIRU